To encourage the sharing and enjoyment of the long history of Freeport, maine.

501(c)(3) charity; gifts are tax-deductible.
65¢ of each $1 spent went to programs.
$69K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average surplus $35K a year · 14% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
65%
of spending
Worth a look: 65% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$69K
to officers and key staff · 27% of spending
Worth a look: pay to officers and key staff is 27% of spending; over 20%.
Pt VII · Sec A
3 mo
of spending, in cash
Plus $595K in investments, Pt X · Ln 11–13
Looks good: 3.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $20K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$5K
0.3% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
14
of 14 voting members
Looks good: 14 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$191K
-2% vs prior year
Spent
$260K
To programs
65%
Net assets
$2.0M
By yearFY2020–FY2024
Revenue
$191K
FY2023▼ -2%
Tap a bar for its year
Revenue by fiscal year
FY2020$303K
FY2021$354K
FY2022$195K
FY2023$191K
FY2024$200K
Expenses
$260K
FY2023▲ +16%
Tap a bar for its year
Expenses by fiscal year
FY2020$185K
FY2021$163K
FY2022$224K
FY2023$260K
FY2024$235K
Net assets
$2.0M
FY2023▼ -0.8%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.9M
FY2021$2.2M
FY2022$2.0M
FY2023$2.0M
FY2024$1.9M

From the FY2023 Form 990 · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 1977.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

65 cents of each dollar spent went to programs.

Program services 65% · $169K Management & general 30% · $77K Fundraising 5% · $14K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

13 people listed on the 990; $69K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Di
$69,373Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Eric C Smith$69,550$69,373$62,442$32,123—
Jim Cram————$43,260

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Freeport Historical Society executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Preserves and shares Freeport, Maine's rich history for public enjoyment.

Questions for Freeport Historical Society

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Provided by the organization

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1 program · $169K · in their own filed words · FY2023
01

Freeport historical society preserves the history of freeport, maine through its collection of archives, artifacts, buildings and landscapes; uses these collections in addition to new research and discoveries to host public exhibitions and educational programs on the geography, industry, people, and culture of the region; and partners…

$169Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 2 funders$20K

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$191K
Ln 12
Gifts and grantsLn 1h$136K
Other incomeLn 4–11$28K
Investment incomeLn 3$20K
Money outPt IX
$260K
Ln 25
Programscol B$169K
Managementcol C$77K
Fundraisingcol D$14K
Owns and owesPt X
$2.0M
net assets · Ln 32
Cash and savingsLn 1–2$74K
Total assetsLn 16$2.0M
LiabilitiesLn 26$5K
PeoplePt VI, VII
13
listed · VII A
PaidVII A1
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$136K
Government grantsLn 1e$10K
Noncash giftsLn 1g$3K
Fees for servicesLn 2g$8K
Investment incomeLn 3$20K
Other incomeLn 4–11$28K
Gains on assetsLn 7$7K
Total revenueLn 12$191K
Assets in detailPt X, end of year
CashLn 1$60K
SavingsLn 2$14K
Cash and savings togetherLn 1–2$74K
InvestmentsLn 11–13$595K
Land, buildings, equipmentLn 10c$1.3M
Total assetsLn 16$2.0M
LiabilitiesLn 26$5K
Net assetsLn 32$2.0M
OperationsPt I, VI
EmployeesI 55
VolunteersI 630
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$93K$74K
InvestmentsLn 11–13$555K$595K
Land, buildings, equipmentLn 10c$1.3M$1.3M
Total assetsLn 16$2.0M$2.0M
LiabilitiesLn 26$4K$5K
Net assetsLn 32$2.0M$2.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$69K$28K$35K$7K
Other salaries and wagesLn 7$75K$44K$25K$6K
Payroll taxesLn 10$12K$6K$5K$1K
Accounting feesLn 11c$4K$4K
Investment management feesLn 11f$4K$4K
Office expensesLn 13$6K$3K$4K
Information technologyLn 14$2K$983$984
OccupancyLn 16$29K$29K
Depreciation, depletion and amortizationLn 22$35K$35K
InsuranceLn 23$11K$11K
Other expenses (24a–d)Ln 24$12K$12K
Total functional expensesLn 25$260K$169K$77K$14K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $200K$235K−$35K$1.9M 990 PDF
FY2023 Viewing $191K$260K−$69K$2.0M 990 PDF
FY2022 $195K$224K−$29K$2.0M 990 PDF
FY2021 $354K$163K$191K$2.2M 990 PDF
FY2020 $303K$185K$117K$1.9M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $190,519 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $122,585$135,841
I-9 Program service revenuePrior year $6,481$7,511
I-10 Investment incomePrior year $46,943$19,561
I-11 Other revenuePrior year $18,977$27,606
I-12 Total revenuePrior year $194,986$190,519
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $128,720$156,366
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $95,161$103,497
I-18 Total expensesPrior year $223,881$259,863
I-19 Revenue less expensesPrior year −$28,895−$69,344
Part VI · Governance 14 of 14 board members independent, 3 to look at
VI-1a Voting members of the governing body14
VI-1b Independent voting members14
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $190,519 across 12 lines filed
Lines not itemized here account for $959 of total revenue; see the IRS return.
VIII-1b Membership dues$13,700
VIII-1e Government grants$10,000
VIII-1f All other contributions, gifts and grants$112,141
VIII-1g Noncash contributions (included above)$2,833
VIII-1h Total contributions, gifts and grants$135,841
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $7,511$7,511
VIII-3 Investment incomeExcluded from tax $12,632$12,632
VIII-6 Net rental income or lossExcluded from tax $19,648$19,648
VIII-7 Net gain or loss on sales of assetsRelated to mission $6,929$6,929
VIII-8 Net income from fundraising eventsExcluded from tax $6,480$6,480
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $519$519
VIII-12 Total revenueRelated to mission $14,440 · Excluded from tax $40,238$190,519
Part IX · Statement of functional expenses $259,863 across 11 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $27,749 · Management $34,687 · Fundraising $6,937$69,373
IX-7 Other salaries and wagesPrograms $44,450 · Management $25,071 · Fundraising $5,845$75,366
IX-10 Payroll taxesPrograms $5,705 · Management $4,885 · Fundraising $1,037$11,627
IX-11c Accounting feesManagement $3,637$3,637
IX-11f Investment management feesManagement $4,360$4,360
IX-13 Office expensesPrograms $2,644 · Management $3,601$6,245
IX-14 Information technologyPrograms $983 · Management $984$1,967
IX-16 OccupancyPrograms $28,715$28,715
IX-22 Depreciation, depletion and amortizationPrograms $34,987$34,987
IX-23 InsurancePrograms $11,487$11,487
IX-24 Other expenses (24a–d)Programs $12,099$12,099
IX-25 Total functional expensesPrograms $168,819 · Management $77,225 · Fundraising $13,819$259,863
Part X · Balance sheet $1,956,923 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $78,689$59,823
X-2 Savings and temporary cash investmentsStart of year $13,993$14,050
X-4 Accounts receivable$5,014
X-8 Inventories for sale or useStart of year $7,956$7,887
X-10c Land, buildings and equipment, netStart of year $1,315,415$1,275,246
X-11 Publicly traded securitiesStart of year $555,128$594,903
X-16 Total assetsStart of year $1,971,181$1,956,923
X-17 Accounts payable and accrued expensesStart of year $2,450$3,097
X-25 Other liabilitiesStart of year $2,027$2,052
X-26 Total liabilitiesStart of year $4,477$5,149
X-27 Net assets without donor restrictionsStart of year $1,931,943$1,916,956
X-28 Net assets with donor restrictionsStart of year $34,761$34,818
X-32 Total net assets or fund balancesStart of year $1,966,704$1,951,774
X-33 Total liabilities and net assetsStart of year $1,971,181$1,956,923
Part XI · Reconciliation of net assets $1,951,774 net assets at year end
XI-1 Total revenue$190,519
XI-2 Total expenses$259,863
XI-3 Revenue less expenses−$69,344
XI-4 Net assets at start of year$1,966,704
XI-5 Net unrealized gains (losses) on investments$54,822
XI-8 Prior period adjustments−$408
XI-10 Net assets at end of year$1,951,774

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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